2 Philly newspapers plan to shed 37 full-time jobs

AP News
Posted: Feb 15, 2012 10:01 PM
2 Philly newspapers plan to shed 37 full-time jobs

Philadelphia's two largest newspapers are shedding another 37 newsroom jobs by next month.

Philadelphia Media Network operates The Philadelphia Inquirer, the Philadelphia Daily News and their Philly.com website. Company spokesman Mark Block says economic conditions are forcing the cuts.

Hedge funds bought the newspapers in a 2010 bankruptcy auction and may be trying to sell them.

The Newspaper Guild journalists' union says the cuts will "decimate" already shrunken ranks. It says the company has about 400 editorial employees, half the 1980s peak.

Block says more employees will be producing work for the once-competing newspapers and the website.

The cuts follow word of a possible sale and union complaints related stories have been censored.

Former Gov. Ed Rendell (ren-DEHL') leads a group of powerful newsmakers who want to buy the company.